Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Binance+0.020%7-day average −0.051% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.020%, 7d avg −0.051%

Together, before fees−0.014%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.071% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1121	0.0100	pay 0.0050% / 4h	3h 20m	$17.2M	$44.4M	75x
Short	Variational Omni POL	0.1121	0.0100	get 0.0050% / 4h	3h 20m	$620K	$224K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.051%: $7.08
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Variational Omni: RFQ quote, 53 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 6 min ago	0.45 bp	10.7 bp −$11	20.6 bp −$206	189.2 bp −$18.9K	doesn't fit
Sell Variational Omni RFQ quote, 53 min ago	8.93 bp	doesn't fit	35.7 bp −$357	doesn't fit	doesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1122	+0.129%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.419%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	−0.028%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.095%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0021%	1h	0.1122	+0.091%	$17K	$4K	5x	as long as short
Orderly PERP_POL_USDC	+0.0023%	4h	0.1121	+0.027%	$11K	$164K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.865%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1122	+0.079%	$293K	$585K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.010%	$372K	$303K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1121	long leg	$17.2M	$44.4M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.017%	$16.1M	$13.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.026%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.035%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	+0.018%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	+0.072%	$3.0M	$980K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+0.081%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1120	−0.017%	—	$7.2M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1121	+0.020%	$620K	$224K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1123	+0.215%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.116%	$199K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	−0.029%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.017%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0135%	1h	0.1123	+0.206%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	+0.096%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1122	+0.090%	$910K	$159K	75x	as long as short